Aries Agro Balance Sheet Health
Financial Health criteria checks 5/6
Aries Agro has a total shareholder equity of ₹2.6B and total debt of ₹703.5M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are ₹5.2B and ₹2.5B respectively. Aries Agro's EBIT is ₹476.9M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹61.3M.
Key information
26.6%
Debt to equity ratio
₹703.45m
Debt
Interest coverage ratio | 2.1x |
Cash | ₹61.30m |
Equity | ₹2.65b |
Total liabilities | ₹2.53b |
Total assets | ₹5.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532935's short term assets (₹3.6B) exceed its short term liabilities (₹2.1B).
Long Term Liabilities: 532935's short term assets (₹3.6B) exceed its long term liabilities (₹402.5M).
Debt to Equity History and Analysis
Debt Level: 532935's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: 532935's debt to equity ratio has reduced from 80.7% to 26.6% over the past 5 years.
Debt Coverage: 532935's debt is well covered by operating cash flow (108.8%).
Interest Coverage: 532935's interest payments on its debt are not well covered by EBIT (2.1x coverage).